Accounting, auditing and bookkeeping services
Services Code / Classification (SAC)
GST
Scheme of Classification of Services
S.No.
Chapter, Section, Heading or Group
Service Code (Tariff)
Service Description
(1)
(2)
(3)
(4)
286
Group 99822
Accounting, auditing and bookkeeping services
287
998221
Financial auditing services
288
998222
Accounting and bookkeeping services
289
998223
Payroll services
290
998224
Other similar services nowhere else classified
Explanatory Notes:- Based on the Modified Version of the United Nations Central Product Classification (UNCPC)
99822 – Accounting, auditing and bookkeeping services
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a review is less than that of an audit, and the level of assurance provided is thus lower;
ii. compilation of financial statements from information provided by the client. No assurances regarding the accuracy of the resulting statements are provided;
iii. preparation of business tax returns, when provided as a package with the preparation of financial statements for a single fee are classified here;
iv. compilation of income statements, balance sheets, etc;
v. analysis of balance sheets, etc; other accounting services such as attestations, valuations, preparation of pro forma statements, etc.;
vi. classifying and recording business transactions in terms of money or some unit of measurement in the books of account;
vii. similar s
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